Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/203940
Authors: 
Hornok, Cecília
Year of Publication: 
2011
Series/Report no.: 
wiiw Working Paper 75
Abstract: 
Timeliness has gained growing importance in international trade. This paper provides empirical evidence on the significant cost of time in trade by exploiting the quasi-experimental nature of the European Union (EU) enlargement in 2004. It applies a difference-in-difference-in-differences econometric strategy on a European industry-level database of bilateral trade barriers, where industries are differentiated according to their time sensitivity. The use of a treatment intensity indicator that captures the decline in the waiting time at borders supports the identification. Results are cross-checked on subsamples defined along transport mode choice probabilities, where intra-EU transport mode choice projections are obtained from an estimated discrete choice model on extra-EU trade. Robustness checks experiment with alternative definitions of treatment sensitivity and treatment intensity.
Subjects: 
time cost of trade
difference-in-difference-in-differences estimation
treatment intensity
EU enlargement
transport mode choice
JEL: 
F13
F14
F15
Document Type: 
Working Paper
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